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China to develop first 52 national-level zero-carbon industrial parks

China

China

China

China to develop first 52 national-level zero-carbon industrial parks

2025-12-27 17:25 Last Updated At:12-28 01:27

China's National Development and Reform Commission (NDRC) on Friday unveiled the country's first list of 52 national-level zero-carbon industrial parks to be built, aiming to foster green transformation hubs and supporting the country's efforts to reach its carbon peaking targets.

Zero-carbon industrial parks are designed to reduce carbon dioxide emissions from production and daily operations to near-zero levels through integrated planning, design, technology, and management. The parks are also expected to have the capacity to further achieve net-zero emissions.

"Despite the name of 'zero carbon,' the goal of zero-carbon industrial parks is not absolute zero emissions. The standard is to cut emissions to near-zero levels, about one-tenth of the current average carbon emissions per unit of energy consumption of the existing industrial parks. For parks with conditions and willingness, net-zero carbon can be achieved through mechanisms such as carbon offsetting," said Kang Yanbing, Deputy Director of the NDRC's National Energy Conservation Center.

Geographically, the first list of projects covers all 31 provincial-level regions in China, as well as the Xinjiang Production and Construction Corps, ensuring that each region has at least one selected park.

"The 52 parks primarily focus on new energy industry clusters with low energy consumption, low pollution, and high added value, including new energy equipment manufacturing, advanced equipment manufacturing, and computing power centers. The emphasis is on using green energy to produce green products," said Li Zhong, Deputy Director of the NDRC's Energy Research Institute.

These parks will fully leverage local wind and solar resources and develop direct green power supply models tailored to local conditions. Directly-supplied green electricity must account for at least 50 percent of a park's total power consumption, supplemented by green electricity purchased through Green Electricity Certificates trading. Only those parks that pass official inspections following the completion of the construction period will be recognized as national-level zero-carbon industrial parks.

"Zero carbon is not a slogan. Parks must take concrete steps, such as facilitating direct green power supply and building energy storage infrastructure, to significantly raise the share of non-fossil energy consumption and address the bottleneck of renewable energy being generated but not fully utilized," said Kang.

China to develop first 52 national-level zero-carbon industrial parks

China to develop first 52 national-level zero-carbon industrial parks

The U.S. consumer price index (CPI) rose 4.2 percent year on year in May, marking its highest level since May 2023, as energy prices remained high, according to data released by the U.S. Bureau of Labor Statistics on Wednesday.

Notably, the energy index for May increased 3.9 percent month on month, accounting for over 60 percent of headline inflation.

Gasoline and fuel oil prices increased 40.5 percent and 58.9 percent year on year, respectively, in May.

The national average price of gasoline reached 4.555 U.S. dollars per gallon on May 20, a 50 percent rise since the Iran conflict started in February, according to data released by the American Automobile Association. The price later eased to 4.151 dollars per gallon on Wednesday.

The core CPI, which excludes volatile food and energy prices, increased 2.9 percent year on year in May.

Statistics show that U.S. headline CPI for May rose 0.5 percent month on month, down from 0.6 percent in April, while core CPI increased 0.2 percent, compared with a 0.4 percent gain in April and below the market consensus forecast of 0.3 percent.

The report arrives at a critical juncture for markets and Federal Reserve policymakers. While the rate-setting Federal Open Market Committee is widely expected to hold interest rates steady at its June 17 meeting, policymakers acknowledged that the inflation surge caused by the Iran conflict will likely delay any rate reduction. The data are likely to reinforce this stance.

Oil prices rose while U.S. stocks traded lower in the morning session on Wednesday after U.S. President Donald Trump posted on Truth Social that Iran has "taken too long to negotiate a deal" and will "have to pay the price."

U.S. May CPI rises to highest level since May 2023

U.S. May CPI rises to highest level since May 2023

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